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B$ The Bell, Thursday April 8


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#16 Stinky

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Posted 08 April 2004 - 09:35 AM

http://story.news.ya...nomy_jobless_dc



US Jobless Claims in Three-Year Low

#17 brian4

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Posted 08 April 2004 - 09:36 AM

Biught 5-april 1150 puts stop 53.

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Posted 08 April 2004 - 09:37 AM

8 Koreans, 3 Japanese Kidnapped in Iraq

Thursday April 8, 2004 2:16 PM


By LEE KEATH

Associated Press Writer

BAGHDAD, Iraq (AP) - Eight South Koreans and three Japanese were kidnapped Thursday by insurgents in Iraq, and captors armed with automatic rifles and swords threatened to burn the Japanese alive if Tokyo did not withdraw from the U.S.-led coalition.

http://www.guardian....3954429,00.html

#19 Lock Limit Down

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Posted 08 April 2004 - 09:40 AM

If we get an early decline and it turns before they close the gap wire to wire is a distinct possibility
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"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#20 brian4

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Posted 08 April 2004 - 09:41 AM

A lesson in why you keep a traders Log-"for 12 straight weeks the Dow has traded above 1148-BUT-it has ONLY closed ONCE above 1148" Pretty good odds it won't here-huh!

#21 brian4

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Posted 08 April 2004 - 09:47 AM

Sleddy-Swords?? what a hell-hole Iraq is-Cnn -reports The U.S. only holds the outskirts of Fallujah, none of Najaf or Kut.

#22 Guest_yobob1_*

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Posted 08 April 2004 - 09:49 AM

Coming soon to a neighborhood near you

The number of foreclosures had been projected to rise about 40 percent from last year, but foreclosure activity in March spiked by 122 percent from March 2003. There were 1,384 foreclosures filed last month, compared with 624 in March 2003.

Adams County, for example, set a one-month record in March by opening 347 foreclosures. That's only slightly fewer than the 355 it had in the first three months of 2003.

"It's the most we've ever done," in one month, said Bonny Kovtynovich, deputy public trustee for Adams County. "They just keep coming in droves."

March also was a bad month for personal and business bankruptcies, said economist Patty Silverstein, principal of Development Research Partners.

"Those two data sets are seeming to go hand in hand," Silverstein said.


This is the lagging data starting to show. People are now exhausting their resources after the extended unemployment runs out, their credit cards are maxxed, and they have sold everything they can. Had this been 1930 it would have showed a lot earlier, but today's "safety nets" have delayed it a bit. Delayed but unstoppable. It's only a matter of a small amount of time before the default ratios on a national basis began to soar also. They simply aren't expanding the debt bubble fast enough. Note the January/February drop from 15 billion in new debt to 4 billion. The giant blow-off top of mortgage debt experienced last Summer created a new level that must be exceded in order for the bubble to continue to propogate. It is obvious that even with the absurdly lax credit terms available that they cannot create enough new debt. The "air" has been slowly, quietly escaping since then and soon the rubber will weaken enough to cause a blast of air to escape.

As a sidebar, in the last 60 days we are seeing an increasing number of credit cards maxxed out when we pass them through the reader. "DECLINED" This is quickly followed by "here, try this one." So far we haven't run into a customer that has maxxed all of their multitudes of cards, but the ratio in the wallet is quickly swinging towards that day.

#23 brian4

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Posted 08 April 2004 - 09:50 AM

opening for 70 minutes starting now-helmets on, buckle up and don't forget your sword! :lol:

#24 machinehead

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Posted 08 April 2004 - 10:03 AM

As a sidebar, in the last 60 days we are seeing an increasing number of credit cards maxxed out when we pass them through the reader.  "DECLINED"   This is quickly followed by "here, try this one."  So far we haven't run into a customer that has maxxed all of their multitudes of cards, but the ratio in the wallet is quickly swinging towards that day.

There should be a credit card that automatically, incrementally refis your house at the going rate, each time you post a charge to it.

It would be like having an ever-expanding credit line, since real estate always goes up. :lol:
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#25 brian4

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Posted 08 April 2004 - 10:03 AM

The Anvil has landed right between their eyes-stop 1149.

#26 brian4

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Posted 08 April 2004 - 10:08 AM

bought 5-1145 april puts now hold 5-1150's stop on both 1148.

#27 Lock Limit Down

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Posted 08 April 2004 - 10:09 AM

Yobob
Your comments are invaluable
Cant say enough about this site....
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"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#28 Lock Limit Down

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Posted 08 April 2004 - 10:11 AM

Are they trying to leave a 4th gap behind?
Critical here
Trin is disturbing
CFC getting the glove.. encouraging
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#29 longOnUranus

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Posted 08 April 2004 - 10:13 AM

price rejection at lower high on lower volume..cycles in place for cliff dive next week?

#30 machinehead

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Posted 08 April 2004 - 10:15 AM

Who really wants to hold long over the weekend, when all hell might break loose?
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss





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